Linear programming

5) The owner of The East End Technology Company has collected statistics on previous demand:

Daily Demand 0 10 20 30 40 or more
# of days 5 8 15 12 10

a. Using the expected monetary value model, what is the best development alternative?
b. What is the value of perfect information?
c. Draw the decision tree for this problem.
d. Using the maximum likelihood criteria, determine the best alternative.

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5. The owner of The East End Technology Company has collected statistics on previous de­mand:

Daily Demand 0 10 20 30 40 or more
# of days 5 8 15 12 10

a. Using the expected monetary value model, what is the best development al­ter­na­tive?
b. What is the value of perfect information?
c. Draw the decision tree for this problem.
d. Using the maximum likelihood criteria, determine the best alternative.